Bussines News

New Delhi, July 24 (IANS) The 250-million-pound ($499 million) global wine and spirits major Cutty Sark International has launched a premium scotch whisky brand - Cutty Sark blended malt scotch whisky - in the Indian market, a top company official said.

Ahmedabad, July 24 (IANS) Gujarat's small cement factories are facing closure on account of rising manufacturing costs, according to an industry lobby.

New Delhi, July 24 (IANS) A Saarc convention on mutual legal assistance in tackling crime is likely to be finalised at the forthcoming summit of the grouping in Sri Lanka, External Affairs Minister Pranab Mukherjee said here Thursday.

Bhubaneswar, July 24 (IANS) The East Coast Railway has electrified a stretch of railway track in Orissa at a height of 7.5 metres to run double-stack container (DSC) goods trains, an official said Thursday.

Vadodara, July 24 (IANS) German global packaging majors Haver & Boecker and IBAU, have teamed up to set up a Rs.200 million plant near here to make high-speed packaging machinery, company officials said.

New Delhi, July 24 (IANS) The Indian government will now proceed full speed ahead on its unfinished reform agenda, a senior minister said Thursday, two days after winning a trust vote in parliament.

New York, July 24 (DPA) Microsoft Corp. was to reorganize its online services to try to increase focus on its Internet business as the head of its online division was set to leave the company, The Wall Street Journal said Thursday.

New Delhi, July 24 (IANS) Indian telecom major Bharti Airtel announced Thursday a 44 percent growth in revenue and a 34 percent increase in its net profit in the first quarter of the current fiscal over the same period last year.

By using the term 'bonded slave' in his speech at the conclusion of the trust vote, Prime Minister Manmohan Singh eloquently expressed his feelings during the four years of ties between the United Progressive Alliance (UPA) and the Left parties.

Toronto, July 24 (IANS) A Winnipeg-based aviation school, which is first-choice training facility for Indian students aspiring to become pilots, will soon start its training programme in India where the aviation industry continues to soar.

Mumbai, July 24 (IANS) Indian equity markets slipped into the red Thursday afternoon after opening with a gain. Technology, capital goods and metal stocks came under selling pressure.

New Delhi, July 24 (IANS) Investment in art continues to be robust globally despite the credit crisis in other financial sectors. And India is reaping the benefits of the boom as it tries to emerge as a mature market, says art investment guru Phillip Hoffman.

Toronto, July 24 (IANS) About a quarter of Indian immigrants in Canada start money sending back home about two years after landing here, says Statistics Canada.

Mumbai, July 24 (IANS) The Indian equities market continued its good run on the back of strong global cues and falling crude oil prices Thursday. Banking, capital goods, realty and telecom stocks were in demand at early trade while technology stocks were facing selling pressure.

New Delhi, July 24 (IANS) India remains the 'undisputed leader' in a list of the top 30 countries for offshore services prepared by IT market research major Gartner Inc.

New Delhi, July 24 (IANS) Wearing customised rings, pendants and bangles studded with semi-precious stones for fortune is passe. It is time to flatter your feet - and your luck - with astrological and zodiac shoes.

Mumbai, July 24 (IANS) The Indian equities market opened with a profit Thursday. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a gain 140.09 points at 15,081.29 points.

London, July 24 (IANS) Jaguar Land Rover, now a Tata acquisition, is looking to expand to India, according to its chief executive David Smith.

New York, July 24 (DPA) Major US stock indices closed higher Wednesday on strong earnings reports from technology, health and pharmaceutical companies and expectations that a major housing bill would be approved by Congress.

San Francisco, July 24 (DPA) Internet search leader Google has signed a letter of intent with Digg to purchase the social news site for around $200 million, the influential technology blog TechCrunch reported Tuesday.